20世纪30年代的美国大萧条以及当前日本的教训,就是货币政策没有解决长期需求不足的问题最近,一个接一个的通缩消息出人意料。美国核心CPI在一片上行预期中掉头向下。在大家普遍认为美国已接近充分就业的背景下,这简直是当头一盆冷水。而最尴尬的是美联储,它已经竭尽全力但仍无法使通胀水平回归到2%的目标值。 The Great Depression in the 1930s and the Lessons Learned from Japan Today Are the Monetary Policy Solutions to Lack of Long-term Under-demand Recently, the deflationary news one after another was unexpected. The US core CPI turned down in an uptrend forecast. In the common belief that the United States is nearing full employment, it is simply overwhelming. And the most embarrassing is the Fed, which has done its best but still can not bring inflation back to its target of 2%.